Can I retire at age 51 with 1,320,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$109,004$108,033$107,086$106,161$105,259$104,030
2 years$53,963$52,958$51,984$51,039$50,123$48,886
3 years$35,618$34,608$33,637$32,701$31,800$30,593
4 years$26,447$25,441$24,479$23,559$22,680$21,513
5 years$20,946$19,946$18,997$18,096$17,241$16,117
6 years$17,280$16,287$15,352$14,471$13,642$12,563
7 years$14,662$13,678$12,758$11,898$11,095$10,060
8 years$12,700$11,725$10,820$9,981$9,204$8,214
9 years$11,175$10,208$9,319$8,501$7,751$6,806
10 years$9,955$8,998$8,124$7,328$6,604$5,703
11 years$8,958$8,011$7,153$6,378$5,680$4,821
12 years$8,127$7,190$6,348$5,594$4,922$4,106
13 years$7,425$6,498$5,671$4,939$4,292$3,517
14 years$6,824$5,906$5,096$4,384$3,763$3,027
15 years$6,303$5,395$4,601$3,910$3,313$2,616
16 years$5,848$4,950$4,171$3,501$2,928$2,269
17 years$5,447$4,559$3,796$3,146$2,596$1,973
18 years$5,091$4,213$3,465$2,835$2,308$1,720
19 years$4,772$3,904$3,172$2,561$2,057$1,503
20 years$4,486$3,628$2,911$2,320$1,838$1,316
21 years$4,228$3,379$2,678$2,105$1,645$1,153
22 years$3,993$3,154$2,468$1,914$1,474$1,012
23 years$3,779$2,950$2,279$1,743$1,323$890
24 years$3,583$2,764$2,107$1,590$1,189$783
25 years$3,403$2,594$1,952$1,452$1,070$690
26 years$3,237$2,438$1,810$1,328$964$608
27 years$3,084$2,294$1,681$1,215$869$536
28 years$2,942$2,162$1,563$1,114$784$473
29 years$2,810$2,040$1,454$1,021$708$418
30 years$2,687$1,926$1,355$937$640$369
31 years$2,572$1,821$1,263$861$579$326
32 years$2,465$1,723$1,178$791$523$288
33 years$2,364$1,632$1,100$727$474$255
34 years$2,269$1,546$1,028$669$429$226
35 years$2,180$1,467$961$616$388$200
36 years$2,096$1,392$899$567$352$177
37 years$2,017$1,322$841$523$319$156
38 years$1,943$1,257$788$482$289$138
39 years$1,872$1,195$738$444$262$123
40 years$1,805$1,137$692$410$238$109
41 years$1,741$1,082$649$378$216$96
42 years$1,681$1,031$609$349$196$85
43 years$1,623$982$571$322$178$75
44 years$1,568$936$536$297$161$67
45 years$1,516$893$503$275$146$59
46 years$1,466$852$473$254$133$52
47 years$1,419$813$444$234$121$46
48 years$1,374$776$417$217$110$41
49 years$1,330$741$392$200$100$37
50 years$1,289$708$369$185$90$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,320,000, adding $4,046 every year, while hoping to spend $57,627 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 36/40/24 Blend
50$1,320,000$1,320,000$1,320,000$1,320,000
51$1,458,813$1,388,853$1,368,393$1,500,651
52$1,546,298$1,395,593$1,352,920$1,538,562
53$1,640,774$1,400,731$1,334,997$1,573,877
54$1,742,895$1,404,128$1,314,481$1,610,856
55$1,853,377$1,405,637$1,291,222$1,649,683
56$1,973,008$1,405,100$1,265,065$1,690,566
57$2,102,655$1,402,350$1,235,845$1,733,739
58$2,243,271$1,397,210$1,203,391$1,779,462
59$2,395,903$1,389,492$1,167,523$1,828,029
60$2,561,704$1,378,996$1,128,054$1,879,766
61$2,741,941$1,365,511$1,084,788$1,935,039
62$2,938,010$1,348,811$1,037,518$1,994,255
63$3,151,443$1,328,659$986,032$2,057,872
64$3,383,930$1,304,804$930,104$2,126,397
65$3,637,329$1,276,977$869,500$2,200,397
66$3,913,684$1,244,896$803,975$2,280,505
67$4,215,245$1,208,261$733,274$2,367,423
68$4,544,490$1,166,756$657,129$2,461,937
69$4,904,146$1,120,045$575,260$2,564,917
70$5,297,214$1,067,772$487,377$2,677,333
71$5,727,000$1,009,563$393,174$2,800,265
72$6,197,142$945,020$292,334$2,934,909
73$6,711,648$873,723$184,524$3,082,597
74$7,274,928$795,228$69,398$3,244,808
75$7,891,842$709,066$0$3,423,182
76$8,567,740$614,740$0$3,633,231
77$9,308,514$511,726$0$3,883,139
78$10,120,652$399,471$0$4,157,458
79$11,011,303$277,389$0$4,458,777
80$11,988,338$144,864$0$4,789,959
81$13,060,428$1,241$0$5,154,170
82$14,237,124$0$0$5,554,907
83$15,528,945$0$0$6,063,898
84$16,947,481$0$0$6,623,612
85$18,505,496$0$0$7,238,564
86$20,217,054$0$0$7,914,331
87$22,097,647$0$0$8,657,055
88$24,164,342$0$0$9,473,505
89$26,435,941$0$0$10,371,135
90$28,933,159$0$0$11,358,160
91$31,678,816$0$0$12,443,631
92$34,698,056$0$0$13,637,518
93$38,018,581$0$0$14,950,808
94$41,670,911$0$0$16,395,605
95$45,688,673$0$0$17,985,245
96$50,108,918$0$0$19,734,423
97$54,972,468$0$0$21,659,330
98$60,324,302$0$0$23,777,805
99$66,213,980$0$0$26,109,505
100$72,696,107$0$0$28,676,089